Corporate Applications and Other Requests:

April 1998

Vol. 11, No. 4

IN THIS ISSUE:

PLEASE NOTE: Interpretive Letters and No Objection Letters reflect the views of
the Comptroller's legal staff. Corporate Decisions and Decisions (CRA) are from
the office of Bank Organization and Structure. The list of CRA Ratings is from
the Communications Division. For copies of the evaluation, you should contact
the bank directly or the Office of the Comptroller of the Currency, Attn:
Public Reference Room, Mailstop 1-5, Washington, D.C. 20219.

Members of the news media are encouraged to cite the letter number when
reporting or summarizing documents from this package. This helps to process
single requests in a more timely manner.

Letter clarifies that acquisition and holding of treasury stock in connection
with employee stock purchase plan is "legitimate corporate purpose," as used in
12 C.F.R. 7.2020, provided the procedures in 12 U.S.C. 59 for capital reduction
are followed. (03/16/98)

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number
98-42,
announcing the availability of enforcement actions. Also
enclosed is news release
98-43
correcting previously cited enforcement actions. Copies of the final actions
are available by writing to the OCC, Public

INTERPRETATIONS AND ACTIONS is published monthly by the Office of the
Comptroller of the Currency. Subscriptions are available at a rate of $175 per
year by writing to the Comptroller of the Currency, P.O. Box 70004, Chicago, IL
60673-0004. Prepayment is requested. Suggestions, comments or questions may be
sent to Jacqueline J. England, Communications Division, Comptroller of the
Currency, Washington, DC 20219.